PYMNTS

JULY 8, 2019

The good old days of a two-year product development cycle are pretty much over. These days, no matter how creative, innovative and disruptive an idea a financial services player may have, the reality is they don’t have a lot of time to sit around developing it. “Speed to market is critical, more so today than it has ever been in history. In a couple of months, your great idea will have two or three competitors,” Joseph DeRosa, executive vice president of global sales at i2c , told PYMNTS in a re

Construction 84

Construction Start-ups accounting manager account management 84

Katz,Sapper&Miller

JULY 9, 2019

The Governmental Accounting Standards Board (GASB) has issued Statement No. 91, Conduit Debt Obligations to improve the existing standards by providing a single method for government issuers to report conduit debt obligations and related commitments and to eliminate diversity in practice associated with reporting conduit debt obligations.

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PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? According to The Wall Street Journal , “the Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry.” Not only that, but the newspaper said the U.S.

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PYMNTS

JULY 8, 2019

Many traditional banking institutions and governments have shown skepticism, silence and resistance to Facebook’s proposed cryptocurrency Libra, according to reports. . Though the currency could potentially alter the financial landscape for good, many banks have simply not responded to the issue. “We’re still learning what it is and trying to work out where we stand on it — are we an opponent, partner or do we ignore?

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Government 81

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Account

PYMNTS

JULY 8, 2019

In the pre-digital age of financial services, AML/KYC was a very slow process. The government would put out their lists of sanctioned entities – hostile governments, drug kingpins, organized crime organizations and affiliates, etc. – and compliance teams would manually check onboarding customers to make sure their records were clear. The system has always had its flaws, noted Alain Meier, CEO of Cognito – but in a pre-digital banking world where onboarding was a multi-day process, it wasn’t comp

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Technology Start-ups Government Gaming 80

PYMNTS

JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. The consensus is that major cannabis reform is needed but disagreement still remains over what legislation should look like and the best strategy to advance it.

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PYMNTS

JULY 9, 2019

The questions that seem simplest tend to be the most complicated. The answers to such questions also usually end up having more significance than the answers to other inquiries. Excuse the detour into pop philosophy or Jedi teachings, but that is the case when it comes to the question “Who are you?” Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments

Healthcare 76

Healthcare Manufacturing Legal Retail 76

PYMNTS

JULY 8, 2019

In B2B commerce’s pursuit of the “Amazon-like” experience, both buyers and vendors have quickly discovered that business-to-business cannot take the same path that the business-to-consumer market did. Navigating through a fragmented field of disparate platforms, systems and data requirements is among the largest challenges to B2B eCommerce adoption today.

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B2B Technology Manufacturing Retail 76

PYMNTS

JULY 12, 2019

More call centers are beginning to rely on artificial intelligence (AI) for greater insights. In recurring payments, subscription commerce is having a “fear of commitment” moment. And, in retail, sellers of health and beauty products are very prepared to embrace innovation in comparison to healthcare service providers. All This, Today In Data.

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Healthcare Retail accountant Account 76

PYMNTS

JULY 11, 2019

To offer customers greater choice and convenience in time for the summer holiday season, Hertz , Dollar and Thrifty are welcoming debit cards at selected European locations. The new payment option provides customers with a Debit Mastercard or other recognized debit cards access to standard car and van rentals at key locations in Europe , according to an announcement.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

PYMNTS

JULY 9, 2019

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. Robotics might take over delivery jobs before they make cashiers redundant in the U.S., though. Last month, Domino’s Pizza announced it would be testing autonomous pizza delivery in Houston with robotics company Nuro.

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PYMNTS

JULY 9, 2019

In the age of quick-service restaurant (QSR) dining technology innovation, restaurants are frantically looking into ways to provide consumers with mobile ordering bells and whistles like third-party payment integrations, rewards programs and surprise-and-delight offers. Some establishments are rolling out proprietary apps, while others are teaming up with third-party platforms to gain revenue.

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PYMNTS

JULY 10, 2019

African payments startup OPay has raised $50 million in funding after investors such as Sequoia China, IDG Capital and Source Code Capital joined in the latest round, according to a report. Norwegian browser company Opera , the founder of OPay, also contributed its own investment in the mobile payments startup with hopes of growing the company into a leader in mobile payments.

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PYMNTS

JULY 8, 2019

When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. For Prajit Nanu, CEO at InstaReM , it was a singular experience – not because of what was said about the Libra platform itself, but because of something he learned about the world through watching its reactions.

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PYMNTS

JULY 10, 2019

Juicing gig economy payouts — literally. Hyperwallet , the PayPal service, said Wednesday (July 10) that it will handle outbound payments for Lime , the scooter rental platform. In terms of the mechanics of the collaboration, Lime will send payments to what is billed as the scooter “juicer” force that exist as a network of freelancers who get paid to charge the scooters.

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PYMNTS

JULY 8, 2019

A KeyBanc analyst says Shopify could eventually rival Amazon in gross merchandise volume, according to a report by Bloomberg. . Josh Beck wrote in a note to investors that the online marketplace has received “overwhelmingly positive” feedback from developers, partners and merchants at three recent conferences. He also raised his 2020 revenue price target from $300 to $350.

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PYMNTS

JULY 11, 2019

The chairman of the U.S. Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Jerome Powell testified before the U.S. House of Representatives Financial Services Committee on Thursday (July 11), and his comments caused a slide in bitcoin value, which fell 7.7 percent, to $11,164.

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Government 69

PYMNTS

JULY 9, 2019

Most individuals would feel compelled to have a good excuse if they were late in paying back someone who lent them money. This isn’t the case in the world of trade credit, however, in which millions of U.S. firms sell their products and services to each other with the expectation that they will wait weeks — or even months — to be paid. Under this informal system, late payments are common, but the reason cited by a significant portion of firms for paying late is notable: They expect their supplie

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

PYMNTS

JULY 11, 2019

There has been, seemingly, a parade of announcements geared toward bringing B2B payments into the digital age, bringing about the end of paper, speeding the time for settlement of transactions and making payments across borders cheaper and more transparent. In some cases, blockchain is being deployed, sometimes with cryptocurrencies as part of the equation.

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PYMNTS

JULY 11, 2019

It’s one of the blessings and curses of subscription eCommerce: As easy as it can be to sign up consumers for one such service or another, it can be just as easy for that consumer to leave that service after a month or two. Indeed, some 71 percent of digital media consumers planned to cancel their subscriptions within one year after just one month of service, according to PYMNTS research.

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PYMNTS

JULY 11, 2019

Consumers today want more from customer service than a long wait time and broad answers when getting through to a human agent by phone. To better service a customer base that wants more personalization in their relationships with businesses and merchants, more call centers are starting to rely on artificial intelligence (AI) for greater insights. Call centers are starting to use AI not just for data insights, but as a way to keep payments and other facets of the customer experience safe from bad

Technology 66

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PYMNTS

JULY 8, 2019

Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release. . InComm acquired Meridian to help strengthen its incentive initiatives with the creation of rewards and membership-type programs and management tools for employee, B2B and B2C platforms.

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PYMNTS

JULY 10, 2019

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. Cross-border commercial payments and FX management firm Cambridge Global Payments said in a press release Tuesday (July 9) that its Invoice Automation Solution is now available as an integrated tool that streamlines the invoice-to-pay process for cross-border transactions.

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PYMNTS

JULY 9, 2019

A People’s Bank of China (PBoC) official said that the upcoming launch of Facebook’ s Libra could speed up his bank’s development of its own digital currency. In fact, if Libra becomes widely used for international payments, Wang Xin, head of the research bureau at the PBoC, questioned “would it … accordingly have a large influence on monetary policy, financial stability and the international monetary system?

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Government Start-ups Finance Technology 64

PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Their presence is felt in every corner of digital life: utilizing these providers to log in to third-party websites has become ubiquitous, along with the ability to pay for goods and services via the developers’ proprietary payment methods.

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PYMNTS

JULY 10, 2019

In its second known investment in a cryptocurrency startup, Visa has reportedly invested millions in the crypto storage company Anchorage. The payments firm co-led the funding round along with digital currency-focused venture capital firm Blockchain Capital, Fortune reported. Terry Angelos, who heads up Visa’s FinTech efforts, said the company is interested in supporting “companies like Anchorage who are working to provide secure infrastructure to the growing ecosystem of digital assets.&#

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Sales 63

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. The bank also said it didn’t have any plans to put bitcoin into its reserves. The bank was responding during a question and answer session it regularly does on Twitter, where it uses the hashtag #AskECB to field questions.

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accountant Account accounted 61

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. According to a report from CNBC , Colorado, the first to make recreational pot legal, has hit a milestone: It has “surpassed $1 billion in total cannabis-related revenue, the first state in the country to hit that milestone.

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PYMNTS

JULY 9, 2019

Consumers around the world are showing increased interest in contactless payments, with 75 percent of United Arab Emirates (UAE) consumers expressing trust for contactless cards and 82 percent trusting mobile wallets. The U.S. could be joining that trend, as consumers become more familiar with the tech, such as from using it in public transit settings.

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PYMNTS

JULY 8, 2019

Can cameras replace cashers in retail? The grocery industry is making a go of it. The latest effort comes from the U.K. According to a recent Wall Street Journal report, British grocer Tesco plans to open a “pick and go” or “frictionless shopping” store to the public next year, following testing the store technologies with employees. “Eventually it wants to use the technology, developed by Israeli startup Trigo Vision , in more of its smaller grocery stores,” the report said.

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